MPB CRO receives 4,972 restricted stock grant
Mid Penn Bancorp, Inc. Chief Revenue Officer Scott W. Micklewright received a grant of 4,972 shares of restricted common stock as compensation.
Rhea-AI Filing Summary
Mid Penn Bancorp, Inc. Chief Revenue Officer Scott W. Micklewright received a grant of 4,972 shares of restricted common stock as compensation. The shares were granted at $0.00 per share and vest ratably over four years.
Following this grant, he directly holds 8,985 shares of restricted stock and 21,014.1 shares of common stock. The common stock balance includes shares acquired through the Employee Stock Purchase Plan, the Dividend Reinvestment Plan, and restricted stock that vested on April 1, 2026. These are not open‑market purchases or sales but equity-based awards and accumulated holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 4,972 shares
Grant/Award
2 txns
Insider
Micklewright Scott W
Role
Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Mid Penn Bancorp, Inc. Common Restricted Stock | 4,972 | $0.00 | $0.00 |
| holding | Mid Penn Bancorp, Inc. Common Stock | -- | -- | -- |
Holdings After Transaction:
Mid Penn Bancorp, Inc. Common Restricted Stock — 8,985 shares (Direct);
Mid Penn Bancorp, Inc. Common Stock — 21,014.1 shares (Direct)
Footnotes (3)
- F1. Shares granted in the form of restricted stock which vest ratably over four years.
- F2. Shares granted in the form of restricted stock, which vest according to the terms of each respective grant.
- F3. Balance includes shares acquired through the Employee Stock Purchase Plan and the Dividend Reinvestment Plan and shares of restricted stock that vested on 4/1/2026.
Key Figures
Restricted stock grant: 4,972 shares
Grant price: $0.00 per share
Restricted shares after grant: 8,985 shares
+2 more
5 metrics
Restricted stock grant
4,972 shares
Restricted common stock awarded on April 1, 2026
Grant price
$0.00 per share
Compensation-related restricted stock award
Restricted shares after grant
8,985 shares
Total restricted stock directly held after transaction
Common shares held
21,014.1 shares
Direct common stock holdings after transaction
Vesting period
Four years
Restricted stock vests ratably over four years
Key Terms
restricted stock, Employee Stock Purchase Plan, Dividend Reinvestment Plan, grant, award, or other acquisition
4 terms
restricted stock financial
"Shares granted in the form of restricted stock which vest ratably over four years."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Employee Stock Purchase Plan financial
"Balance includes shares acquired through the Employee Stock Purchase Plan and the Dividend Reinvestment Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Dividend Reinvestment Plan financial
"Balance includes shares acquired through the Employee Stock Purchase Plan and the Dividend Reinvestment Plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MPB executive Scott W. Micklewright report in this Form 4?
Scott W. Micklewright reported receiving 4,972 shares of Mid Penn Bancorp restricted common stock as a grant. This compensation award vests over time and does not represent an open-market purchase or sale of MPB shares by the executive.
What is Scott W. Micklewright’s total restricted stock holding in MPB after this grant?
After the grant, Scott W. Micklewright directly holds 8,985 shares of Mid Penn Bancorp restricted common stock. This reflects his updated restricted stock position and shows the cumulative impact of this and prior equity awards granted by the company.
What is the vesting schedule for the newly granted MPB restricted stock?
The newly granted restricted shares vest ratably over four years. This means a portion of the 4,972 Mid Penn Bancorp restricted shares becomes unrestricted each year, aligning the executive’s compensation with longer-term company performance and retention.
AI-generated analysis. How Rhea-AI works. Not financial advice.
